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Dec 28, 2012
12/12
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WUSA
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but first, the latest developments on the fiscal cliff. gary nurenberg joins me with the latest as we actually just heard from president obama. >> after a long meeting the president came out to say he is still optimistic that a deal can be done reminding the country that we are only now three days away from the point where everyone's taxes go up and huge spending cuts kick in, saying that would be wrong for the economy and wrong for the country. the president said he is urging the senate leaders, reid and mcconnell to come back to him with a plan by sunday. he says if they're unable to do that, then he is demanding that his backup proposal from last week allowing tax rates to rise for those making $250,000 and extending unemployment we was for 2 million jobless americans whose benefits will run out on january 1st, he wants that proposal to go to the house and the senate, the senate first, and demands an up or down vote. >> if you can get a majority in the house and a majority in the senate, then we should be able to pass a bill. so the ame
but first, the latest developments on the fiscal cliff. gary nurenberg joins me with the latest as we actually just heard from president obama. >> after a long meeting the president came out to say he is still optimistic that a deal can be done reminding the country that we are only now three days away from the point where everyone's taxes go up and huge spending cuts kick in, saying that would be wrong for the economy and wrong for the country. the president said he is urging the senate...
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Dec 27, 2012
12/12
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KGO
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>> we are already virtually certain that we're going to go over this fiscal cliff. these guys suddenly came to an agreement over the next few days, they could pass it at the beginning of january. and we could not see many of the impacts. but i wouldn't be optimistic about that. >> jonathan karl, i have a feeling i'll see you here around 7:07 tomorrow morning. thank you, jon. >> amy? >>> let's go to paula faris with the other top stories develop right now. paula? >> we have an update on 41. we begin with growing concern about the health of former president george h.w. bush. he has suffered a setback. mr. bush is in intensive care after doctors were unable to lower his fever. and they still don't know what's causing it. they've now placed him on a liquids-only diet. they are not explaining why. mr. bush was admitted to the hospital november 23rd for bronchitis. doctors say they remain cautiously optimistic about his recovery. >>> and toyota has agreed to pay more than $1 billion -- that's "b" as in boy -- to settle a class-action lawsuit from drivers who say their car
>> we are already virtually certain that we're going to go over this fiscal cliff. these guys suddenly came to an agreement over the next few days, they could pass it at the beginning of january. and we could not see many of the impacts. but i wouldn't be optimistic about that. >> jonathan karl, i have a feeling i'll see you here around 7:07 tomorrow morning. thank you, jon. >> amy? >>> let's go to paula faris with the other top stories develop right now. paula?...
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Dec 27, 2012
12/12
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KGO
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to come together and get this fiscal cliff thing done. no word yet on when people get extra lattes, if there is's enough space to write "get your lazy ass off vacation and get this done." [ laughter ] >> willis likes that a lot more. i can hear it in the background. >> i wonder if there's enough room. >> no, i don't know about that. >>> okay, ladies and gents, if you're looking for love, oh, boy, you better have a good credit score. take a look at this. ♪ so hot right now that our designer sun glasses be fogging ♪ >> okay, yeah. we're not going to say we're going after those guys, but it's the credit score guys. "the new york times" is reporting that credit scores are huge and that could be at the top of the list. maybe after looks and personality is credit scores. they interviewed people across the u.s., all under the age of 40, and the newspaper discovered that a low credit score is a deal-breaker when in search of love right now in the economy. so if you don't have your act together, take care of that and maybe you'll find love. >>
to come together and get this fiscal cliff thing done. no word yet on when people get extra lattes, if there is's enough space to write "get your lazy ass off vacation and get this done." [ laughter ] >> willis likes that a lot more. i can hear it in the background. >> i wonder if there's enough room. >> no, i don't know about that. >>> okay, ladies and gents, if you're looking for love, oh, boy, you better have a good credit score. take a look at this. ♪...
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Dec 28, 2012
12/12
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KGO
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cliff from happening. but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be done in time. jonathan karl, abc news, new york. >>> tributes are pouring in for retired general norman schwarzkopf. the general, nicknamed stormin' norman, died yesterday in tampa from pneumonia. schwarzkopf commanded operation desert storm, the coalition of some 30 countries that drove iraqi forces from kuwait back in 1991. in retirement, he supported charitable causes and resisting calls to run for public office. norman schwarzkopf was 78. >>> for the second time this month, a man has been pushed to his death in the path of a new york subway train. last night, eyewitnesss say a mumbling woman shoved a man onto the tracks just as the train was pulling into an elevated station in queens. surveillance video captured her running away. it's not clear if she knew the victim. new york police are reviewing surveillance video recorded on the platform to try to identify the victim and the
cliff from happening. but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be done in time. jonathan karl, abc news, new york. >>> tributes are pouring in for retired general norman schwarzkopf. the general, nicknamed stormin' norman, died yesterday in tampa from pneumonia. schwarzkopf commanded operation desert storm, the coalition of some 30 countries that drove iraqi forces from kuwait back in 1991. in retirement, he supported...
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773
Dec 24, 2012
12/12
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WJLA
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as dire as the whole fiscal cliff situation, but there are a lot of people upset at the game show "wheel of fortune." >> it has to do with a contestant who guessed the right word, she got the whole thing right, but was told she lost because of the way she said the words because of her accept. here's abc's john muller. >> s. >> yeah, four of them. >> reporter: she was on a roll, cruising her way towards thousands on "wheel of fortune. >> n. >> three ns. >> reporter: renee can taste victory. she's got the winning answer. >> i would like to solve. seven swans a swimmin'. >> yeah, that's -- >> reporter: or so she thought. even hothe host has to backtrac. pronouncing swimming swimmin'. >> yeah. >> that's how i speak, you know, being from florida. i had asked for the g, so i knew it was there. >> reporter: judges said it was spoken in vernacular. so it violated the rules. the twitter lit up with outrage. "wheel of fortune" hates southerners. >> if you start to sing the song, it's seven swans a layin'. >> reporter: even the other contestant couldn't believe what happened. >> do you know what ha
as dire as the whole fiscal cliff situation, but there are a lot of people upset at the game show "wheel of fortune." >> it has to do with a contestant who guessed the right word, she got the whole thing right, but was told she lost because of the way she said the words because of her accept. here's abc's john muller. >> s. >> yeah, four of them. >> reporter: she was on a roll, cruising her way towards thousands on "wheel of fortune. >> n. >>...
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Dec 27, 2012
12/12
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WMAR
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cliff cliff thing done. no word yet on when people get extra lattes, where they can write get your lazy ass off vacation. >> willis likes that a lot more. >> i womdzer if there's enough room. >> if you're looking for love, you better have a good credit score. take a look at this. ♪ >> okay, yeah. we're not going to say we're going after those guys, but it's the credit score guys. "the new york times" is reporting that credit scores is huge and that could be at the top of the list. they interviewed people across the u.s., and a newspaper discovered a low credit score is a deal breaker in search of love. so if you don't have your act together, take care of that and maybe you'll find love. >> can you imagine, hi, how are you? what is your credit score? >> 420. no, mine is a lot higher. >> we want to show you this next footage. anyone who has ever had their parking lot stolen is going to love this. this is in russia. we don't know why this is being towed. i've got to get me one of these, because i would just l
cliff cliff thing done. no word yet on when people get extra lattes, where they can write get your lazy ass off vacation. >> willis likes that a lot more. >> i womdzer if there's enough room. >> if you're looking for love, you better have a good credit score. take a look at this. ♪ >> okay, yeah. we're not going to say we're going after those guys, but it's the credit score guys. "the new york times" is reporting that credit scores is huge and that could be...
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Dec 29, 2012
12/12
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KGO
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fiscal cliff. we showed you aá](ny calculatoro help you estimate how much your taxes will go up. we'll take a look at how spending cuts will impact californians, in the bay area. >> mark, thank you. >> our other top story is the weather. another storm system hitting parts of the bay area, reservoirs are now at capacity because of the rain. >> here is a live look from our camera. looking north at the bay, and you can see there is cloud cover there. sandhya patel is tracking the storm's path on doppler 7 hd. >> i want to show you where sit raining now. not everyone is seeing moisture reaching the ground. as we take a look, you'll see where the moisture is actually reaching the ground. it's in the north bay. as we look from clover dale towards yu kaia, we're seeing light to moderate rain, eastside road taking you down to street level here, highway 101, there is some more moisture out here, but before we goat that, let's take you in tighter here, and you'll see that like i said, not all of this is rea
fiscal cliff. we showed you aá](ny calculatoro help you estimate how much your taxes will go up. we'll take a look at how spending cuts will impact californians, in the bay area. >> mark, thank you. >> our other top story is the weather. another storm system hitting parts of the bay area, reservoirs are now at capacity because of the rain. >> here is a live look from our camera. looking north at the bay, and you can see there is cloud cover there. sandhya patel is tracking...
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Dec 24, 2012
12/12
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FOXNEWSW
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brad, the fiscal cliff is one of the reasons why people are so incredibly gloomy about the future, and, you know, dick's making the point here when speaker john boehner can't even get his own party to follow him and put up a vote on his plan, i mean, aren't republicans equally to blame for the public's profound pessimism? >> well, we have a divided nation, that is for sure. this president has not done his job in leading, and had he done his job in leading especially in the fiscal cliff, he wouldn't be in hawaii now, he'd be in washington making sure that we had a deal -- gregg: has boehner done his job? >> boehner has done a great job in trying to lead republicans to a solution. gregg: seriously? >> absolutely. gregg: he can't even get a vote on his own plan, come on. >> here's the problem, gregg, is we have a president who basically says it's his way or the highway, and republicans are saying, no, we will raise revenue, but we won't do it at the expense of spending. our problem is a president who loves to spend money, who's now put down another $6 trillion in debt, and basically wants
brad, the fiscal cliff is one of the reasons why people are so incredibly gloomy about the future, and, you know, dick's making the point here when speaker john boehner can't even get his own party to follow him and put up a vote on his plan, i mean, aren't republicans equally to blame for the public's profound pessimism? >> well, we have a divided nation, that is for sure. this president has not done his job in leading, and had he done his job in leading especially in the fiscal cliff,...
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Dec 25, 2012
12/12
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to avert this so-called fiscal cliff. ed, good to see you. merry christmas to you. >> reporter: merry christmas, kelly. economists have warned that this could lead to another recession if in fact these massive spending cuts and tax hikes kick in at the same time right at the beginning of the new year. what they're trying to do to avert that is scaled back plan that the president suggested late last week that would basically deal with some of the emergency pests of this. extended unemployment benefits for two million people about to be kicked off their benefits a week after christmas the president also wants to extend tax cuts for the middle class. you heard house speaker john boehner say the problem there that will raise tax rates for some. he thinks that will hurt the economy, although over the weekend in sort of a holiday message the speaker suggested maybe they can come together after the holiday. >> of course hope springs eternal and i know we have it in us to come together and do the right thing. we'll continue to wo
to avert this so-called fiscal cliff. ed, good to see you. merry christmas to you. >> reporter: merry christmas, kelly. economists have warned that this could lead to another recession if in fact these massive spending cuts and tax hikes kick in at the same time right at the beginning of the new year. what they're trying to do to avert that is scaled back plan that the president suggested late last week that would basically deal with some of the emergency pests of this. extended...
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Dec 31, 2012
12/12
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KPIX
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good night ,, ,,,,,,,,,,,,,, >> jeff: tonight partisan wrangling over the fiscal cliff. >> i'm willing to get this done but i need a dance partner. >> i want to be clear that there is still serious differences between the two sides. >> jeff: a divided congress reconvene for 11th hour negotiations. nancy cord cess on capitol hill. >> failure to act could force the economy back into recession. an uneasy wall street is much wag. >> another death today after the crash of a russian jetliner. barry peterson has the new video that captures the moment of impact. >> and icy rescue, carter evans shows us what happened when good samaritans in california headed for thin ice. >> give me the rope. >> now. captioning sponsored by cbs this is the "cbs evening
good night ,, ,,,,,,,,,,,,,, >> jeff: tonight partisan wrangling over the fiscal cliff. >> i'm willing to get this done but i need a dance partner. >> i want to be clear that there is still serious differences between the two sides. >> jeff: a divided congress reconvene for 11th hour negotiations. nancy cord cess on capitol hill. >> failure to act could force the economy back into recession. an uneasy wall street is much wag. >> another death today after the...
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Dec 28, 2012
12/12
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KPIX
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they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time p
they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking....
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Jan 1, 2013
01/13
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KPIX
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. >> the senate overwhelmingly passed a bill to avert the fiscal cliff. >> the temporary agreement keeps income tax rates steady for most americans limiting tax hikes to households making $450,000. >> i think we can say we've done some good for the country. >> president obama encouraged the house to pass it right away. >> if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> this has not been a great start to the new year for hillary clinton. >> she's undergoing treatment for a blood clot in the head between the brain and the skull. >> she didn't have a stroke. she didn't have a seizure. the prognosis is excellent. >>> estimated 1 million people in times square. >> revelers welcomed in the new year with celebrations around the world, 1,000 people in hong kong, spectacular fireworks display over the skies of london. >> i'm saying let's get it on. >> it's so many people making out. >> it's you and me yea! >> all that matters. >> last night was the first new year's eve without the iconic countdown from dick clark. >> most people
. >> the senate overwhelmingly passed a bill to avert the fiscal cliff. >> the temporary agreement keeps income tax rates steady for most americans limiting tax hikes to households making $450,000. >> i think we can say we've done some good for the country. >> president obama encouraged the house to pass it right away. >> if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> this has not been a...
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Dec 24, 2012
12/12
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. >> that's obviously jon talking about the fiscal cliff. but he also said yesterday that he thinks that the whole concept of putting any armed police officers at schools should be done at the local level, if at all. the big push at the nra is to make it a federal program and it should be funded by the federal government by congress. so it does not look like there's going to be a lot of support for that right now. i've been struck talking to republicans sources. republican sources at how turned off a lot of people were by wayne louisiana pair. more so with the tone and the way he delivered the message. i talked to one republican in congress who said that it seemed like it was a time war. he was very aggressive and he didn't seem to be sort of getting the sentiment of where we are now. >> so listening to lindsey graham saying there's not much we can do to stop someone who is not wired right and talking to the number of lawmakers that you have talked to, after the first of the year when dianne feinstein says she's going to introduce this bill,
. >> that's obviously jon talking about the fiscal cliff. but he also said yesterday that he thinks that the whole concept of putting any armed police officers at schools should be done at the local level, if at all. the big push at the nra is to make it a federal program and it should be funded by the federal government by congress. so it does not look like there's going to be a lot of support for that right now. i've been struck talking to republicans sources. republican sources at how...
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Dec 25, 2012
12/12
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if -- it will go down to about $45,000 if the fiscal cliff goes off and nothing is done to adjust it. individuals now getting $45,000 back in '82 when first enarngted which is a lot different than $45,000 today. so if individuals earning $45,000 today might be impacted by additional taxes by this amt if something's not done. and, again, this is just a way to try to -- the problem with the amt is it wasn't adjusted for inflation so as time went on and prices have gone up and people have made more money and inflation has gone into place, things have not adjusted for the what the amt is now currently so this is going to be a big piece and those in the finance world are looking at making sure that this thing doesn't come into play. come 2014, people will have a big surprise if they file their taxes and this amt is not adjusted. >> ryan, look into the future which is ten days. do you think a deal will be done? >> what we're going to have, we're going to have a short-term deal. bottom line is if these spending cuts are way too extensive. the medicare cuts, way too extensive to put together
if -- it will go down to about $45,000 if the fiscal cliff goes off and nothing is done to adjust it. individuals now getting $45,000 back in '82 when first enarngted which is a lot different than $45,000 today. so if individuals earning $45,000 today might be impacted by additional taxes by this amt if something's not done. and, again, this is just a way to try to -- the problem with the amt is it wasn't adjusted for inflation so as time went on and prices have gone up and people have made...
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Dec 26, 2012
12/12
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CNNW
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cliff. 48% of those polled say a deal is not likely. that optimism is waning, though when the poll was done earlier this month, 59% said a deal was likely. >>> former braves great andruw jones is free on a $2,500 bond this morning after being arrested outside of atlanta. he was arrested on a battery charge. the gwinnett county detention center said there was a domestic dispute between he and his life. >>> the number of extremely obese preschoolers has dropped slightly over the last decade, according to the centerses for disease control and prevention. researchers called the decline modest but say it's encouraging. the cdc adds that part of the decrease could be attributed to awareness campaigns that encourage physical activity and healthy eating. >>> before heading back to d.c. to try to avoid heading off the fiscal cliff, president obama and the first lady kept up a christmas tradition. they visited marines at a base in hawaii thanking them for their service. mrs. obama and their daughters, by the way, won't cut short their vacation. t
cliff. 48% of those polled say a deal is not likely. that optimism is waning, though when the poll was done earlier this month, 59% said a deal was likely. >>> former braves great andruw jones is free on a $2,500 bond this morning after being arrested outside of atlanta. he was arrested on a battery charge. the gwinnett county detention center said there was a domestic dispute between he and his life. >>> the number of extremely obese preschoolers has dropped slightly over the...
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Dec 26, 2012
12/12
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CNNW
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if nothing is done to avert the fiscal cliff. if you make $104,000, doing pretty well, you see your taxes go up $6200. if you make $400,000 a year, you see taxes go up over $9,000. that's overnight. the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks says, hey, you know what? let's write on our coffee cups "come together." do you think anybody will pay attention to that in washdz? >> you know what? anything and everything helps. just merely spreading the message america is watching and waiting for congress to act to find a way to reason together, that's an important act, and everyone doing their part can do, i say good on him. we need to send this message to washington and make sure it isn't settled. we'll go deeper into this tonight at 7:00 as well. this is urnlggent. the clock is ticking, s
if nothing is done to avert the fiscal cliff. if you make $104,000, doing pretty well, you see your taxes go up $6200. if you make $400,000 a year, you see taxes go up over $9,000. that's overnight. the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks...
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Dec 27, 2012
12/12
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FBC
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cliff which will kick in in about six days if nothing'ss done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal,t will be unpalatable for everyone. >> there was a interchange before the talks broke wn. we have the quotes. john boehner said to obama, quote, iut $800 billio i tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall reet journal" story before christmas that went through the timeline of how this happened between painer and the president -- boehner and the president. boehner put the rough knee on the table and the president saying that's what i get out of the gate. you get nothing for that, which was a surprise to the speaker. he said if we go over the cliff, that the pre
cliff which will kick in in about six days if nothing'ss done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal,t will be unpalatable for everyone. >> there was a interchange before the talks broke wn. we have the quotes. john boehner said to obama, quote, iut $800 billio i tax revenue on...
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Dec 27, 2012
12/12
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FBC
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cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax revenue on the table, allegedly the table, allegedly said you get nothing for free. >> there were a couple of eye-opening quotes. went through the timeline of how went through the timeline of how boehner and the president and that was an big one. boehner print revenues on the table andd the president saying that is what i get out of the gate, you get nothing for that, kind of a bit of a surprise. he also said if we go over the t cliff that threat and boehner, i will use my inaugural address to blame you for tax increases and for the fiscal cliff going o overb
cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax...
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rich edson on capitol hill as we await the ball drop and the fiscal cliff to hit. rich: we have just gotten a back of the envelope, unofficial congressional budget office.
rich edson on capitol hill as we await the ball drop and the fiscal cliff to hit. rich: we have just gotten a back of the envelope, unofficial congressional budget office.
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Dec 26, 2012
12/12
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WBAL
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cliff diminishes. >> i don't think there's going to be a grand bargain before the end of the year. there is hope a deal will be cut. >> reporter: if congress doesn't extend expiring tax cuts in just days, middle income owners will owe uncle sam about $2,000 extra a year. retailers will cut back in automotive, apparel and entertainment. >> once people begin to pull back on that, the effect will be dramatic. >> reporter: the national retailers association said retailer its support 1 in 4 american jobs and if the downward turn intensifies. for those, the wait is excruciating. president obama visited troops in hawaii over christmas after a frustrating week on capitol hill. he and speaker john boehner about $100 billion. >> the president was $200 billion in revenues. speaker boehner $100 billion in spending cuts. >> reporter: tough decisions ahead. six days left. and lawmakers are now saying they will likely address tax reforms and spending cuts in the new year when the debt ceiling debate gets going. reporting live in washington. i'm danielle leigh. richard, back to you. >> danielle, t
cliff diminishes. >> i don't think there's going to be a grand bargain before the end of the year. there is hope a deal will be cut. >> reporter: if congress doesn't extend expiring tax cuts in just days, middle income owners will owe uncle sam about $2,000 extra a year. retailers will cut back in automotive, apparel and entertainment. >> once people begin to pull back on that, the effect will be dramatic. >> reporter: the national retailers association said retailer its...
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Dec 24, 2012
12/12
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FOXNEWSW
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we'll talk about what is coming up on the fiscal cliff. have you got your holiday shopping done yet? are you done? >> gretchen: i am waiting for three things to come in the mail that they might not arrive. >> i an alert said winter weather causing shipping delays. >> if you are worried about your packages in christmas eve, you delayed yourself. >> gretchen: blame the weather guy. l>> i ordered it on friday. >> gretchen: merry christmas . still no deal in sight just more of the same way blame game . e week before the taxes are going to sky rocket. steve is live in washington. >> good morning, gretchen and everybody. washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the president has insisted on a tax hike for the healthy but wants that at $250,
we'll talk about what is coming up on the fiscal cliff. have you got your holiday shopping done yet? are you done? >> gretchen: i am waiting for three things to come in the mail that they might not arrive. >> i an alert said winter weather causing shipping delays. >> if you are worried about your packages in christmas eve, you delayed yourself. >> gretchen: blame the weather guy. l>> i ordered it on friday. >> gretchen: merry christmas . still no deal in...
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Dec 26, 2012
12/12
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it really has nothing to too with the fiscal cliff. i'm looking now to congress and say, pass the amt patch today. >> gretchen: all right. we'll see if they're listening to marty, a cpa who is a little nutsoutrig to get everything done before year's end. >> thank you very much. >> gretchen: georgetown cup cakes secret ingredient this new year, champagne? we're showing you how it make the party even sweeter with sophie. yep, she's just one part of the team with our others and she's here hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> gretchen: welcome back. wicked weather like this wreaking havoc on airports across the country. what can travelers expect? wfxt's katherine is live at logan international airport with the latest op the travel nightmare out of boston. good morning. >> good morning, gretchen. the sun is shining on us here in boston. but fl
it really has nothing to too with the fiscal cliff. i'm looking now to congress and say, pass the amt patch today. >> gretchen: all right. we'll see if they're listening to marty, a cpa who is a little nutsoutrig to get everything done before year's end. >> thank you very much. >> gretchen: georgetown cup cakes secret ingredient this new year, champagne? we're showing you how it make the party even sweeter with sophie. yep, she's just one part of the team with our others and...
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doesn't mean they're going to get anything done as far as the fiscal cliff is concerned and because the deadline is so tight, about the most we could hope for may be is some kind of temporary deal. if they don't come up with a pick, the economy may be in for a big jolt. >> we're going to see economic activity slow down. i think we're going to see, with the certainty of tax rates raising on all of us that people contract their economic activity. >> and look, here is why. when you take a look at the impact of these tax hikes, at low income levels, a few hundred dollars. but for people make more than $500,000 a year, an average tax hike of $120,000 unless there is some kind of a fix. and finally, here is one possible solution, i guess. starbucks is telling all of their employees here in the dc area to write on every single coffee they make, come together. that is not just a tall order, but maybe a venty. i think a venty. >> kelly: that's really a good idea. not a good one, doug. >> clayton: thanks. what was your beverage of choice this morning? is that your coffee cup? >> juliet: all right
doesn't mean they're going to get anything done as far as the fiscal cliff is concerned and because the deadline is so tight, about the most we could hope for may be is some kind of temporary deal. if they don't come up with a pick, the economy may be in for a big jolt. >> we're going to see economic activity slow down. i think we're going to see, with the certainty of tax rates raising on all of us that people contract their economic activity. >> and look, here is why. when you...
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Dec 28, 2012
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they realize that if there is no deal that gets done, we go over the fiscal cliff or the obama cliff and everything that gets kicked into gear, higher tax rates, some of the spending cuts, sequestration, probably good for the economy, which i believe is, but also he can come back in after the first of the year, sometime in january or february and say, let's pass some tax cuts for people making under $250,000 a year, like i've wanted to do all along and he gets to own tax cuts. it's very, very politically senator to do this on his part. on right, they really, really needed to be one voice and they just couldn't get to that. >> kelly: he divided the republicans as charles krauthammer alluded to, saying that's what the president wanted to do, to divide the republicans. senator john barrasso has something to say about the president, saying he may have wanted to do this all along, go off the fiscal cliff. >> i think that he sees a lot of cuts to the military, which the democrats have been after for a long time. and then he gets to do what he loves to do, which is blame republicans. my con
they realize that if there is no deal that gets done, we go over the fiscal cliff or the obama cliff and everything that gets kicked into gear, higher tax rates, some of the spending cuts, sequestration, probably good for the economy, which i believe is, but also he can come back in after the first of the year, sometime in january or february and say, let's pass some tax cuts for people making under $250,000 a year, like i've wanted to do all along and he gets to own tax cuts. it's very, very...
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Dec 31, 2012
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i think we will briefly go over the fiscal cliff. the president worked on the issue months and months. the entire "crisis" is an issue of congress' own making . he was taping the meet the press on saturday. house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table and something will get done, too. >> dave: it appears that senate republicans came a long way in sharing their desire for no taxes raised on the wealthy. $550,000 thres hold for couples is a significant compromise. but can they get anything through the house in terms of getting republican votes today? >> i don't think that will get through the house . the house was elected to protect the united states of additional obama care spipe types of spending . from the perspective it is it a char aid. he wants to raise tax for people with over $200,000 . patti mu
i think we will briefly go over the fiscal cliff. the president worked on the issue months and months. the entire "crisis" is an issue of congress' own making . he was taping the meet the press on saturday. house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table...
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he feels that a deal on averting this fiscal cliff might get done. here's the president. >> i'm modestly optimistic that an agreement can be achieved. money is going to get 100% of what they want. let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. i think you could qualify it. he said optimistic and came back later in that speech and said mod testily optimistic. >> juliet: doesn't that suggest that he is backtracking? >> clayton: don't know what's going to happen at the end of the day. in this meeting as dave was talking about back and forth the ball is in the senate's court right now mitch mcconnell said we will take it we don't want to go back to the house where that was a mess over in the house. we will take it. we will will try. this the president said you try this if you can't get anything done i want a straight up or down vote on those making over $250,000 a year and some of the unemployment benefits for 2 million individuals will stil
he feels that a deal on averting this fiscal cliff might get done. here's the president. >> i'm modestly optimistic that an agreement can be achieved. money is going to get 100% of what they want. let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. i think you could qualify it. he said optimistic and came back later in that speech and said mod testily optimistic. >> juliet:...
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the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off for this one. a newspaper publishing gun owners names not backing down. and what county they have now. >> dave: and put the glasses on to read. >> clayton: put them on for this part. "fox & friends" hour three starts right now. >> juliet: yes. ♪ >> here, i just looked at my twitter and it's blowing up with people yelling at me for having my tissues behind here. >> dave: etiquette, juliet in for ali. >> juliet: first of all, i have a cold. i can't reach back like this to grab my tissue box, i take a few and put them right here. everybody okay with that? everybody okay with that. >> clayton: t
the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off...
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cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting in many ways a last opportunity for the president and congressional leaders to reach a deal and get something done before this year is over. if this meeting is unsuccessful it could seal this country's fate, as some developments yesterday. house members no longer on stand by. ready to come back sunday. to take a vote. when these tax cuts expire just about every worker is going to see their paycheck reduced. it's going to eliminate unemployment extensions and initiate spending cuts across the board. >> how will people see this in their paychecks and in their taxes? >> workers will feel it immediately in their paychecks. those paychecks will be reduced. those making 40,000, 50,000 are going to see 1700 less a year. it continues as the wages increase. so people are going to feel this in their pocketbooks. >> all right, danielle, thank you. >>> last night on the rachel maddow s
cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting in many ways a last opportunity for the president and congressional leaders to reach a deal and get something done before this year is over. if this meeting is unsuccessful it could seal this country's fate, as some developments yesterday. house members no longer on stand by. ready to come back sunday. to take a vote. when these tax cuts expire just about every worker is...
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cliff and what it is going to take to get a deal done. our gop and democratic strategists are standing by to dive into that debate. >> and christmas is over, but the deals are still out there. you'll find out what is expected to drop in price as we head into the new year. >>> this is fox 5 news at 10:00. >>> back to our top story, we are just three days way from reaching the fiscal cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks with congressional leaders at the white house. the president says he is hopeful a deal can be reached in order to avoid automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >>
cliff and what it is going to take to get a deal done. our gop and democratic strategists are standing by to dive into that debate. >> and christmas is over, but the deals are still out there. you'll find out what is expected to drop in price as we head into the new year. >>> this is fox 5 news at 10:00. >>> back to our top story, we are just three days way from reaching the fiscal cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks...
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they have until the first to get that done or milk prices go up and with the fiscal cliff, massive tax increases and spending cuts. that's the latest here at the white house, back to you. >> thank you, sherri. >>> we've been getting responses to the cliff talks on our facebook page. that's where we asked you, what do you think about congress and the white house not reaching a deal on the fiscal cliff? do you think it's possible that a compromise will be reached before the deadline? tammy simpson writes -- peggy fleming says -- >> a lot of people fired up obviously over this. >>> traffic is back to normal on the springfield interchange, even while virginia state police continue to investigate a deadly accident there. this happened around 7:00 last night when a tractor-trailer stopped in traffic, was rear- ended by a pickup truck. three people inside the pickup truck died at the scene. the driver of the tractor- trailer was not hurt. >>> d.c. police are offering a $25,000 reward for information leading to the arrest in the shooting death of a capitol hill man. jason emma was shot multipl
they have until the first to get that done or milk prices go up and with the fiscal cliff, massive tax increases and spending cuts. that's the latest here at the white house, back to you. >> thank you, sherri. >>> we've been getting responses to the cliff talks on our facebook page. that's where we asked you, what do you think about congress and the white house not reaching a deal on the fiscal cliff? do you think it's possible that a compromise will be reached before the...
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donald, they have no one about, for instance, this fiscal cliff, they have known about it for 18 months. they have done nothing for 18 months. >> they have really known about it for ten years, when you think about it. they have known about it for ten years. but that is the way government is working. >> well, my point is no politician has been tied up in the base men of the capital or white house and said don't do this. they have had plenty of tune. you talk about the big plan. have you seen any appetite for any of these members of congress or the president or anybody else to really have a big plan that actually fixes the problem? >> no, because right now the president doesn't have a big downside but in a month and a half from now he has a huge downside and that comes due with the debt ceiling. and frankly, you know, when you say they have no one about this for a year and a half, they have known about it for ten years because it was always meant to be. this was going to explode and people were going to negotiate something before it explodes. but i think it's highly overrated. it's going
donald, they have no one about, for instance, this fiscal cliff, they have known about it for 18 months. they have done nothing for 18 months. >> they have really known about it for ten years, when you think about it. they have known about it for ten years. but that is the way government is working. >> well, my point is no politician has been tied up in the base men of the capital or white house and said don't do this. they have had plenty of tune. you talk about the big plan. have...
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that predict indeed we'll go over the fiscal cliff and the inaction of congress has the potential of plunging the united states into another recession. that said, they can't afford to becoming a reality. >> so far they have been very fortunate that the markets have not reacted with panic. you have not seen any plunge on wall street and the like but once you go over the cliff, especially if it is not just a matter of a day or two to allow for a house vote, but if it is really the case that politicians here in washington are so dysfunctional, kelly, they can not get the people's business done, i think then you will see a market reaction that, as you describe it, could plunge the country back into recession and it is not just the united states. remember, we're the world leader in terms of so much when it comes to the economy. it could cause worldwide implications. europe already is on the verge of trouble. to have the united states go off the edge would be catastrophic, for the world, for the global economy. kelly: juan, i was talking to a very good friend of mind who lives here in the
that predict indeed we'll go over the fiscal cliff and the inaction of congress has the potential of plunging the united states into another recession. that said, they can't afford to becoming a reality. >> so far they have been very fortunate that the markets have not reacted with panic. you have not seen any plunge on wall street and the like but once you go over the cliff, especially if it is not just a matter of a day or two to allow for a house vote, but if it is really the case that...
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fiscal cliff. >> does the minority leader and the senate, do they concur with the house of representatives. because it's eventually going to have to go through the house? >> absolutely. they would remaining in contact. just to make sure that the house would be agreeable to whatever the senate minority leader put out. democrats would have to be apprised of that as well but any agreement is probably going to need democrats in the house of representatives. the house is also working on a number of procedural maneuvers tonight to pave the way for quick votes over the next few days. they are not actively involved in the negotiations but if these two are to get a deal, vice president and senate minority leader the house could do a quick vote. >> two other things, first, if they don't do a deal, what can the average american, expect as far as tax increases? >> the average american could and not up and down the income sale. bush tax cuts created lower tax brackets for lower income americans, so up and down you would see specific tax increases not just on wealthier americans. >> and this doesn't hav
fiscal cliff. >> does the minority leader and the senate, do they concur with the house of representatives. because it's eventually going to have to go through the house? >> absolutely. they would remaining in contact. just to make sure that the house would be agreeable to whatever the senate minority leader put out. democrats would have to be apprised of that as well but any agreement is probably going to need democrats in the house of representatives. the house is also working on...
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. >>> a grim assessment to avoid the fiscal cliff. some lawmakers say they feel for the first time a deal may not get done by the end of the year. congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them five days to get a deal done to avoid steep tax hikes and big-time spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential economic disaster. >> my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans on a broad thing like this, you need both. >> ronald reagan model is if you get 80% of what you want that's a good day. we have the same objective of lower taxes. i like simpson-bowles. put money on the debt. tax rate hikes are partisan solution driven by the president but he's going to get tax rate hikes. >> lawmakers say they are preparing to spend new year's eve on capitol hill. >> one of the survivors in the oregon mall shooting is speaking out for the first
. >>> a grim assessment to avoid the fiscal cliff. some lawmakers say they feel for the first time a deal may not get done by the end of the year. congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them five days to get a deal done to avoid steep tax hikes and big-time spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential economic disaster....
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of the year to avoid the fiscal cliff. congress is not expected to return to work until thursday. that's the same day president obama will return. he's spending christmas in hawaii with his family. that leaves them just five days to get a deal done to avoid steep tax hikes and big-time spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential economic disaster. >>> last-minute shoppers may not have been as merry this year as retailers had hoped. good morning. >> good morning to you. shoppers filled the malls and stores on the final weekend before christmas but many people may have not been filled with holiday spirit this year. research group npd says customer traffic was in line with last year but consumers are spending less. a combination of factors may be weighing on their minds including the tax impact of the fiscal cliff, aftereffects of sandy and shootings in connecticut. 'tis the season for giving but many charities aren't on the receiving end. the single biggest sour
of the year to avoid the fiscal cliff. congress is not expected to return to work until thursday. that's the same day president obama will return. he's spending christmas in hawaii with his family. that leaves them just five days to get a deal done to avoid steep tax hikes and big-time spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential economic disaster. >>> last-minute shoppers may not have been as merry this year as retailers...
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for more, head to nbcwashington.com, and search fiscal cliff. >>> a 24-year-old woman is under arrest in connection with the ambush attack that killed two firefighters in webster, new york. done nguyen of rochester is facing federal charges. police say she shot the semiautomatic rifle and shotgun that wrim spangler used to shoot four firefighters on christmas eve. spangler later killed himself. he was convicted of killing his grandmother back in the 1980s. as a felon was not allowed to even own a gun. >> they're notorious for no background checks. >> protesters made their voices heard outside the nation's gun show at the dulles expo center. two weeks after the deadly shootings in newtown, krk countering, lines at the center stretched far into the parking lot. gun show attendens and gun sales have been on the increase since the new town shootings as gun rights activists worried about tightening rules. >>> in district heights, neighbors held their own vigil. 24th doesn't interrupt anyone, but still made their presence known. prince george's county bureau chief tracee wilkins is live wit
for more, head to nbcwashington.com, and search fiscal cliff. >>> a 24-year-old woman is under arrest in connection with the ambush attack that killed two firefighters in webster, new york. done nguyen of rochester is facing federal charges. police say she shot the semiautomatic rifle and shotgun that wrim spangler used to shoot four firefighters on christmas eve. spangler later killed himself. he was convicted of killing his grandmother back in the 1980s. as a felon was not allowed to...
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. >>> word that a deal was close on the fiscal cliff helped push stocks higher today. the dow surged more than 150 points to end the day above 13,000 form the nasdaq was un59 points. the s&p 500 jumped 23 points and closed the year up 13. >>> now, if there is no agreement to avoid the fiscal cliff, some federal workers could be facing furloughs. agency just give at least 30 days' notice for a furlough less than 22 workdays 60-day notice is required for longer fur furloughs. most experts and agency chiefs say they doubt cuts would take effect immediately. news4 at 11:00 will have up-to-the minute developments for you. >>> breaking news right now. a police officers died in the line of duty in prince william county this afternoon. officer chris young was responding to a call when he collided with a minivan this afternoon. we are live in bristow. >> reporter: i want to show you what we've seen. you can see on a tow truck, that's the minivan involved in this crash. if we pan over, you can see that's the officers 'motorcycle. noticeableably the officers are very emotional. t
. >>> word that a deal was close on the fiscal cliff helped push stocks higher today. the dow surged more than 150 points to end the day above 13,000 form the nasdaq was un59 points. the s&p 500 jumped 23 points and closed the year up 13. >>> now, if there is no agreement to avoid the fiscal cliff, some federal workers could be facing furloughs. agency just give at least 30 days' notice for a furlough less than 22 workdays 60-day notice is required for longer fur...
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cliff. members have been promised 48 hours to review any deal before it goes to the floor for debate. let's take you live to the floor of the house. we see them just about to walk in the door. a quick reminder, we are expecting remarks from steny hoyer in about 20 minutes. we plan to bring you those lives. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c.,, december 27, 2012, i appoint steven latourette to act as speaker pro tempore on this day, signed john amplete boehner. speaker of the house of representatives. the speaker pro tempore: the prayer will be offered by our chaplain,
cliff. members have been promised 48 hours to review any deal before it goes to the floor for debate. let's take you live to the floor of the house. we see them just about to walk in the door. a quick reminder, we are expecting remarks from steny hoyer in about 20 minutes. we plan to bring you those lives. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house...
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but i actually still think we can gets it done. >> so what does the lack of a fiscal cliff deal with just days left in the 2012 mean for the markets? joining us from the cme, kevin ferry of cronis futures management. it's sad to watch all those clips back to back and realize where we are today. >> it's tough. mar's comments really ring perfectly at the end of that. that's for sure. >> and so just sort of set us up for the market day or maybe even the market week to the extent we have one left. how -- how do you think about the way the market may trade given the fact that we may have next to no deal likely i think before january 1 or at least in we do it's a baby. baby deal. >> right. right. well, here's what -- here's what we're observing so far, andrew. that the only significant move that we've really seen from the market has been the nighttime move when they walked away. and the rest of the session was actually quite quiet. so as far as the u.s. markets really putting pressure on the deal, we think it's been kind of void. so the real key, the trade that everyone now is listening, e
but i actually still think we can gets it done. >> so what does the lack of a fiscal cliff deal with just days left in the 2012 mean for the markets? joining us from the cme, kevin ferry of cronis futures management. it's sad to watch all those clips back to back and realize where we are today. >> it's tough. mar's comments really ring perfectly at the end of that. that's for sure. >> and so just sort of set us up for the market day or maybe even the market week to the extent...
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to be a huge problem. >> we are dangerously close to the fiscal cliff. now, in all fairness, not all of it hits on new year's day but some of it does. the white house, we have a white house source who has said this. let me just read this to you. it says we believe very strongly a reasonable package can get majorities in both houses. the only thing that would prevent it is if senator mcconnell and speaker boehner don't cooperate. this is from the white house yesterday. do you believe that to be the case? >> no, i don't believe that to be the case. listen, a year ago august when the president was negotiating with the speaker, they were very close to the big deal that needs to be struck. and this isn't a one party or a one house problem. this is leaders of both parties and all branches of the government are not willing to make the deal that they know they have to make, and everybody wants their stuff but doesn't want to give up, you know, what they don't want to give up. >> you know, we're showing pictures right now of john boehner and president obama. john
to be a huge problem. >> we are dangerously close to the fiscal cliff. now, in all fairness, not all of it hits on new year's day but some of it does. the white house, we have a white house source who has said this. let me just read this to you. it says we believe very strongly a reasonable package can get majorities in both houses. the only thing that would prevent it is if senator mcconnell and speaker boehner don't cooperate. this is from the white house yesterday. do you believe that...
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>> set the fiscal cliff aside for one moment. you've done extensive research on recovery from recessions. where are we in the current recovery? what in your estimation does 2013 look like from an economic standpoint. >> fairly normal from world war ii financial crisis, housing recovers on cue five or six years later. the good news is that there's stable underlying growth. the bad news is you don't get the zoom you got out of it during the depression. >> we're in year five of a seven year process. >> more than seven years. >> last time you were here you said we were half way through regardless of who wins in 2012. the next four years would not look much better than the past four years. >> we're going to have, i don't know if not very much better than the past four but we're not going to have fantastic growth. unemployment will take many more years to feel normal, so we have many years left in the recovery but hopefully in two or three years we feel like we're moving there and not at the starting point. >> let's talk about the glob
>> set the fiscal cliff aside for one moment. you've done extensive research on recovery from recessions. where are we in the current recovery? what in your estimation does 2013 look like from an economic standpoint. >> fairly normal from world war ii financial crisis, housing recovers on cue five or six years later. the good news is that there's stable underlying growth. the bad news is you don't get the zoom you got out of it during the depression. >> we're in year five of a...
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they will voluntarily where "come together" to urge politicians to get a deal done on the fiscal cliff before the end of the year. and i wasn't very surprised because howard schultz has been very outspoken. we sat down earlier this month to talk about the fiscal cliff and the risks to u.s. businesses, to the world economy and to the average u.s. citizen if we don't have a deal, if we don't get it done. i want you to take a listen to what he fold me. >> the real difference today versus perhaps any other time in history is that this single issue has a seismic effect on the rest of the world, that we have never been as connected and the domino effect of a bad outcome here will have significant negative consequences domestically and around the world. not the least of which will be the level -- fracturing of confidence in the united states of america. >> seismic and significant. very powerful words. how could this play out for americans if we don't have a deal? what will that feel like to them, howard? >> i think there will be tremendous personal pressure on people who are going to see thei
they will voluntarily where "come together" to urge politicians to get a deal done on the fiscal cliff before the end of the year. and i wasn't very surprised because howard schultz has been very outspoken. we sat down earlier this month to talk about the fiscal cliff and the risks to u.s. businesses, to the world economy and to the average u.s. citizen if we don't have a deal, if we don't get it done. i want you to take a listen to what he fold me. >> the real difference today...
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Dec 29, 2012
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we can't go off the fiscal cliff. we have got to meet this deny. now what we're hearing, it is not that bad, we have time. >> what jessica said about the term paper, getting it done in time. you know what happens if you don't get it done in time? you get an f. and a lot of american voters are going to say an "f" to all the politicians if they don't get it done. look, i don't think it would be the end of the world if we go off the fiscal cliff. and it think it would be resolved in the weeks ahead. but this is kind of a black eye for the political system. here we are, two or three days ahead from the start of the year. without any american business investor, or worker, this just is not a very good way to run a country. and it is almost like banana republic politics. >> my dad used to say, no way to run a railroad. or government. let's talk about a couple of things, the whole idea that tax rates on everyone will go up. does the irs or the treasury department have the ability to sort of say look, here is some guidance? keep withholding where it is? >>
we can't go off the fiscal cliff. we have got to meet this deny. now what we're hearing, it is not that bad, we have time. >> what jessica said about the term paper, getting it done in time. you know what happens if you don't get it done in time? you get an f. and a lot of american voters are going to say an "f" to all the politicians if they don't get it done. look, i don't think it would be the end of the world if we go off the fiscal cliff. and it think it would be resolved...
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Dec 28, 2012
12/12
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still ahead tonight, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fisc
still ahead tonight, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do...